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is we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by on a disability check, even as we'
in it that's pretty -- it's sort of outlined but not detailed in legislation and has a big, big dollar figure around it. so, sort of the big plan. passing that along with a debt ceiling as sort of a big theory option instead of this mcconnell/reid plan, but it's so vague, as you can tell, and nothing that i have as any sort of firm plan, just, like, something that's sort of out there in the ether, they just don't have a plan at this point, no one does, john. >> it sounds like, and some people at home are saying, my god, there they go into washington speak again. i'll try to simply phi it. they are trying to fit certain pieces together to get you to several trillion in deficit reduction and that seems to be where we are, a bunch ideas. i'll go over to the wall a little bit, because jess talks about the mcconnell plan, that would give the president the authority to raise the debt ceiling and maybe they would come up with a commission with spending cuts. that's one backup plan. another backup plan is the gang of six. and i want to bring up the gang of six yesterday we talked about that. they hav
, no. now's the time to go big. get thing done for good. here he was, the president just this morning. >> i will not sign a 30 day or a 60 day or a 90-day extension. that's not an septemberabaccept approach. if it's hard now, how are the guys going to be thinking six months from now in the middle of an election season when they're all up. it's not going to get easier, it's going to get harder. we might as well do it now. pull off the band aid, eat our peas. now's the time to do it. if not now, when? >> brianna at the white house. bring us up to date. are the high stakes talks happening right this very second? >> as we understand it, brooke, these meetings continue here at the white house. president obama with top democrats and republicans in congress. you heard the tone that the president was striking there, like a parent trying to get two kids to share. he's been saying he's bending over backwards, giving up a lot and republicans are not. of course, that is his side of the story. if you were to think of him, he has a favorite child in all of this, right? the democrats. that's his par
people. we are not showing this to you for the sake of it. who do you know who making a big difference in your community? you can nominate these heroes and they end up winning. >> making a huge difference in their communities. a good thing to see. we want to wish everybody a wonderful fourth of july weekend. hope you're safe, healthy, happy and you have a little bit of fun. >> you're off? >> i'm off watching the fireworks. >> christine and i will be here on monday. have a fantastic weekend. kyra phillips takes it over now with the "cnn newsroom." >> how about a lot of fun? come on! >> some people have to work so i felt bad! >> happy fourth of july, guys. we all will be celebrating. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thank you for joining us. >>> witnesses taking the stand in the casey anthony murder trial. the judge says the case could go to the jury this weekend. >>> los alamos national lab closed fifth day as high winds make problems for fire crews. 94,000 acres have burned. lab officials say toxic materials are saving. >>> royal couple wakes
: it is a huge moment for u.s. women's soccer. can they beat back france today? that is the big question. you know what? so many people around the world, as well as people watching them in germany, are actually rooting and cheering for the u.s. they are the favorites to win the world cup. i mean, they just had an incredible performance. you know? here you see them practicing. they had this incredible match against brazil and in the last minute, they scored a goal and then ended up winning on penalty shoot-outs. everyone is still buzzing about how i credible it was. so the question is can they pull it off today? and what many people are saying is that they have got the fitness, they have got the never say die attitude and they hope that they can manage it today. you know, they are very fit and the french have to work their da derrieres off today. >> i think they all will be working their derrieres off. what do you think? you've been watching this closely. >> you've got germany out. that was a huge team and the favorites to win the competition in germany. they got booted out. the brazilians, a
this isn't the end, this is the beginning of a new chapter, but the big question remains is what does the next chapter entail? talking up live here from the kennedy space center over the next couple of hours, a special guest including bob crippen, the first of two astronauts to fly up on sts 1 back in 1981. we'll talk to him of what happened then and what he thinks of this whole 30-year era and his thoughts on what's next. also, the man who built the engine of this current rocket, of the current space shuttle "atlantis," and he has some reservations about sort of the nebulous -- the nebulous outlook for manned space flight. a lot more coming at you. just heard the rain picking up again, and if we hear anything more about that possible lightning strike near that launchpad, which is just about three miles over my shoulder, we'll bring it to you live. edie, back knew you in atlanta. >> not what they want to hear or see out there. we'll join you again in a few minutes. >>> now a scandal that's worthy of tabloid headlines itself. journalists working for "news of the world," one of the bigg
in my book, they are too big, too corrupt, too destructive, too powerful. here in the u.s., there are basically five media companies that own almost all media. and in the uk, it's no different. rupert murdoch and his company simply had too much power. that's why we're seeing high ranking people, even prime ministers, even the head of scotland yard, tied up with this. they had so much power, they had to be kowtowed too. >> lisa bloom, we appreciate that. thank you very much. >> thank you. >>> this scandal is reaching deep now into rupert murdoch's inner circle, and you can be sure that the man at the top is feeling the pressure. murdoch has ads running in seven british papers through monday saying, quote, we are sorry for the phone hacking scandal at the "news of the world." the popular tabloid he just shut down. and here's what he said in his own words. the scandal is widening to another murdoch paper, "the sunday times," and now even the fbi is opening an investigation. the allegations, hacking the personal phones of public figures, and the not so public, from murder vi
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
other big stories we've got going on today, one of them being casey anthony will walk out of jail a free woman in six days. now, you hear that, and think back to 48 hours ago. it was at this time tuesday that casey anthony was facing the possibility of life in prison, maybe even facing the death penalty. what a difference 48 hours makes, because today she is counting the days until she walks out of the jail a free woman. she is counting down to six. you know by now, casey anthony was acquitted of murdering her 2-year-old daughter caylee, but convicted on four counts of lying to investigators. just before sentencing, the deceives tried and failed to reduce down to one. here are the four counts. lying about working at university studios, liking about caylee being with a nanny, the fick tick zanny you heard solve about. and lying about speaking to caylee on the phone. this morning, the judge melvin perry gave her the maximum to each of those counts. >> i will sentence you to one year in the orange county jail, xwokting a $1,000 fine on each count all four counts to run consecutive to each o
? >> they are being called to testify in parliament. the big story today is that the political parties are all going to get together, go to parliament and they're all agreed to support a motion that rupert murdoch, his bid to acquire bskyb, the cable operator here, should not go through. that is really rare, ali. it's not legally binding. who knows if he'll care or take notice. the other big story making news here is that the senate commerce committee chairman jay rockefeller is calling for an investigation saying, look, if "news of the world" was hacking u.s. citizens and 9/11 victims. he says this should be taken seriously and there should be an investigation. the big topic on that is how much is it going to affect rupert murdoch's empire in the u.s. as well? >> costing a lot of money in the stock. cost the stock about 14%, more than $7 billion since this really thickened about a week ago. let's talk about this former survivor producer facing expedition to mexico on a charge he murdered his wife. >> right. a judge basically said there was enough evidence to send him back to mexico to face trial, r
have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but it's not eve
. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> jack cafferty is here with the cafferty file now. people can watch you stream on a mobile device, an ipad, jack. this is great. >> i have no idea what that means. but i'll trust you. >> it's really good. >> republican congresswoman michele bachmann is a rising star of sorts in a lacklustre to say the least field of gop candidates who hope to challenge president obama next year. bachmann came out on top in three separate polls of likely iowa republican voters last week. go figure. my shael bhaukman's husband marc marcus runs a christian counseling business. former clients say he encourages homosexual patients to try to change their sexual orientation, or at least oppress it. it's called pray away the gay. in an interview, marcus bachm
and what doesn't get paid. another big story right now, a massive and dangerous heat wave is gripping much of the nation. here's how it looks and feels across the country. take a look at the red quarter. temperatures expected to reach 104 degrees in parts of texas today, in the southeast, temperatures are expected to reach the upper 90s and more than just uncomfortable, it's dangerous. heat has already claimed the life of at least one person in illinois and adding to that, the heat is causing drought conditions in the deep south to intensify. also this morning, hundreds of thousands still without power in the chicago area after strong thunderstorms rolled through. officials warn the power there might not be back on until saturday. let's go live to rob marciano outdoors this morning, silly rob, in atlanta's piedmont park. sun still not up, so it's still probably manageable there. but a lot of the south waking up this morning to 80 degrees overnight or higher. >> yeah. that's the thing. really hasn't cooled down much overnight, ali. even if you're out before the sun comes up you're still fee
, reading for the blind, you know, the list kind of goes on. child care being a big one. child care services, you know, a lot of people are saying -- i spoke to a few with women who said, i may have to put all of my work check into child care now because these state services aren't here. people are going to be feeling this. and it's very early -- iyou kno, this happened yesterday. i think we will really feel the impact of how hard a lot of people are going to be hit in a few days, when people really realize, after the holiday weekend, people start to realize, oh, geez, my government's not working, i'm not going to get these services after all. and you also mentioned over 20,000 state employees aren't going to be having -- they don't have a job. friday, they were let go, they were told not to come back indefinitely. they will get their jobs back, but this could last days, weeks, we really have no idea. we spoke to one of these employees who had lost their job yesterday. >> a sad commentary on politics. it's turned into a sport rather than working to solve a problem. >> that's the way a lot of
out of room to cut. you will remember the big spending bill earlier this year cut tens of billions of dollars. so if you take a step back and you look at the entire forest there's a lot of spending cuts going on. lot of real spending cuts democrats are arguing that they are going to hurt a lot of people. so those certainly are accounting tricks. in terms of that last little margin to get to the point where they are cutting more than they are raising the debt ceiling which is what republican leaders wanted to do, they needed to rely on some creative use of cbo accounting methods. >> right. this is also interesting, though. even if he does get john boehner, that is, the house, even if he does get the conservatives to fall in lynn and go ahead and vote for this, there seems to be question about whether it will get out of the senate. have you 53 senators, two independents, included who said they are not going to support boehner's proposal. now we are looking at another proposal perhaps harry reid's proposal which the cbo also downgraded. let's take a look at the numbers. instead of $2.
to put things in perspective, the federal government's twice as big as it was ten years ago. right now. twice as big. so everybody out there that's having to live within a budget, making the hard choices in our economy today, know that if you've grown something twice in ten years, you obviously can make some significant cuts in it without having any negative effect. >> senator coburn, let's talk about your role in the gang of six. is it correct, i mean, you bolted from the group. it was widely reported a couple of months ago. returned recently when the gang agreed to cut an additional 100-plus billion dollars from entitlement health care programs. and are you rock solid behind this new plan? >> you know, i'm rock solid behind my plan. my plan isn't going to happen. so i'm rock solid behind the plan that gets us on the way and this one does. >> your plan being the $9 trillion? >> yeah. >> the whole thing, it appears to be dependent upon rewriting the tax code. so how do we do that? how do we make all these other changes? how do we avert this, you no kn potential default in 13 days and h
not -- >> if that's the case you want to make, that's a big different case to make. but this is a christian facility. and they take medicaid patients. not necessarily for this procedure or treatment or whatever you call it. >> there's no evidence they were using medicaid payments for reparative therapy. >> she should be asked about this theory. she's a candidate for president. one out of ten americans is gay. she should be asked if she wants to lead a country where at least 10% of us are gay or lesbian, does she believe in this crack pot, bigoted theory that somehow there's something to be repaired in our brothers and sisters and sons and daughters who happen to be born gay? >> we'll have more with paul and ari after the break. we'll talk about the debt showdown. polls numbers the president used in support of his policies. frachkly the president's numbers simply don't add up. we'll show you that. let us know what you think. we're on facebook. follow me on twitter @ anderson cooper. later thousands of protestors in cairo's tahrir square. we'll tell you why they're happening now. but i did. they said
tennessee. can they sell it to the house republicans? >> that's a big question. i think what we saw today both from president obama and someone like lamar alexander is this isolation that going on of the house republicans, saying, look, the gang of six got a deal, that's why president obama went out this to say it. mitch mcconnell's got a backup plan. john boehner and i were kind of working together and, well, who's out of that picture? the house republicans. and the polls are increasingly showing that the house republican point of view is not popular with the american public. i mean, there's a "washington post" out -- poll out tonight that says that more than three-quarters of americans see the republican leadership as being too resistant. >> however, however, let's listen as we go back to kate bolduan on the hill, the democrats are reading the polls. the democratic leadership going to the floor essentially saying, republicans, why are you wasting our time? >> the public has had it with this theater of the absurd that's going on. they want congress to come together as our president has s
at the white house. president obama making the case for a big deal on the debt ceiling. meeting with congressional leaders and calling for more talks on monday with a presidential news conference ahead of it. >>> meanwhile, as you can see from live pictures from new york, that debt clock just keeps on ticking. also inflammatory words put on paper in the form of a pledge about slavery, black children, and president obama has two presidential contenders backtracking tonight. what exactly did they mean? >>> and the british invasion. william and kate's whirlwind trip through california. cnn traveled with the royals. one stop included l.a.'s skid row and -- >> as far as i'm concerned betty ford saved my life. i went to betty ford in the end of 19 5 for cocaine addiction, and i was one of the lucky ones. >> the first lady who helped save the lives of some of the most famous people in the world by turning her struggle into triumph. tonight we remember betty ford the outspoken first lady who changed the way we all view addiction and recovery. >>> good evening. i'm don lemon. that debt c
a big bite mark. >> is that a valid excuse? that maybe some staffer read it? she didn't read the whole thing? >> i find that mind-boggling. such a statement would scream out to you as just incredibly wrong. that you cannot -- if you are a first-year student in high school and you read that statement, that's got to send up some alarms to you that says -- wait a minute. we can't sign this sort of thing. and particularly, not so much probably in the republican primary. if she does get into the general election, this sort of thing with independent voters just kills you dead. it's a nonstarter because it's such a fringe sort of way of thinking of things. >> it's also interesting that -- >> i would say that's probably why they didn't look at it. because i agree with you. had i read this and any of the republicans i talked to, they would say -- what the heck is this? don't sign that. i just think someone wasn't paying attention when they were doing their job. >> even in the explanation this group has put out, where they retracted it, they did the classic -- this can be -- i'm sorry if you mis
commitment to big government. what they would like to see is the government sweated down. that's the point they've been trying to make. and there are honest differences and people have a very different view of what kind of society we ought to live in. >> but at a certain point, david, when there was a big deal on the table, and if as you say the president could have brought nancy pelosi along, and i agree with you i think he could have, the republicans would have gotten a great deficit reduction deal if they hadn't committed to the no tax pledge, right? >> but gloria, asking any party to commit to a $1 trillion of tax increases is an awful big lift for a party that is all along stood for lower taxes. and when they also feel a lot of these cuts are going to turn out to be illusory. their experience in the past they sign onto the bargains and they feel the democrats eventually wind up getting what they wanted and what they were promised never materializes. >> but there's a big difference between that and nothing. you know? a big difference. [ overlapping speakers ] >> where do you see the mi
our fiscal house in order, they say, and they want big spending cuts in exchange for raising the debt ceiling. i will say, though, house republican leaders, they seem to at least be publicly more open to the idea. john boehner, the house speaker, even saying yesterday that he thinks mitch mcconnell has done very good work. we've also heard from some democrats, suzanne, that they seem to be open to the idea as well. one important point to make. while this doesn't require spending cuts, this mcconnell plan does have a catch. it would force very politically tough votes ahead of the 2012 election that republicans opposed to the debt ceiling could be on the record opposing, and also it's designed to then put the full responsibility of raising this debt ceiling of this new debt right in the lap of the president. there is some planning there. >> kate, how much do you understand what's going on here? obviously you've got the president, you have democrats, you have republicans, but republicans are even divided amongst themselves in this debate and it seems like there is a rift now between john
the body we will find a way to do this. every two years, we jockey for the next election. the big deal they're talking about of cutting spending over the next ten years, still adds $6 trillion to the debt. the real deal to limit spending and get us in balance would be to limit our constitution. without that we will just talk to each other and run america into the ground. >> let's talk about the so-called mcconnell and reid plan, which is as i understand is not completely put together yet, but it would allow the president to raise the debt ceiling in three increments, between now and the end of next year, perhaps with spending cuts attached. as a last resort, would you vote for that in order to avoid default? >> i am sticking with the balance -- i don't have any confidence that anything republican or democratic leaders is going to lead to the solutions that we need. it never has in the past. i am looking for a win-win. i am looking for a way to raise the debt ceiling, and we need to, but we need to address fundamentally what got us into debt. cut cap and balance will get us out of debt over
in august. so that has a big trickle-down effect. because now they won't be able to pay their bills. you think about the economy we're in. we're thinking about potentially going into another recession. if they can't pay their bills, it will affect their credit, the interest rates they're already paying, and potentially more fees. and it's going to hurt. >> the president already said. he said in an interview this week, i don't know if those checks, if we'll be able to send those checks out. another group we're talking about here. a couple of groups, government workers and unemployed. >> first with the government workers. we're talking about maybe a potentially 40% cut. this means a lot more furloughs. and keep in mind, we've already got employees that are furloughed right now. you're talking about, it could affect the military workers, any kind of government, federal government workers. we'll see cuts in rail systems, parks closing. different things. and we've been here before and seen this potentially happening. now we're really looking and facing that this could be real. >> you're menti
and his journalists. most of those calls are from democrats. murdoch is a big banger of republicans. if more momentum build into probes in the united states or even congressional hearings, there are cautionary tales for lawmakers. reports that the tabloids sometimes turn the tables on those who investigate them. most of those accounts date well to well before this scandal blew up in the media in recent weeks. the watchdog group tells us when british parliamentarians looks into the press a couple years ago he heard of allegations she were discouraged from repeatedly inviting rebekah brooks, one of the top execs, to testify. >> the allegation was, they were told, members of that select committee were told, do not invite her again. do not press this, do not push it, because if you do, you'll regret it, and that was made very clear to them. >> reporter: contacted by cnn, no comment on that allegation. are you concerned they might hit back at you and dig into your personal life or whatever? >> i'm not worried about my personal life nor am i worried about my next term. i've been here 27 y
political update in the next hour. go to cnn.com/politics. >>> japan not a big soccer country. its women's world cup win is huge and happy news there today. their team out-shot the u.s. yesterday. and zain verjee was there, still is there live in frank further. i know we were rooting for the u.s., zain. that was very important to us, but, hey, it couldn't happen to a better team. they needed this for morale. that is for sure. >> reporter: they really did, you know. japan came into this tournament as the big underdogs. nobody expected them to even get to the finals, let alone beat the u.s. they also knocked out sweden. they knocked out germany and it was just absolutely incredible. when they started the match, everyone was saying they have more skill, better possession of the ball, know how to control and pass it. the americans really did a good job, too. it seems the japanese were a little nervous to start off with. the u.s. had possession. they were aggressive. they came hard out of the gate. they were very unlucky. they had a lot of opportunities and just kept missing. just the mistake
a deal, it starts to weaken the white house i guess. >> reporter: a big deal of deficit reduction obviously is feeling very elusive and chances of doing something like that seem to be very slim at this point. in terms of the debt ceiling, they are very much relying on a plan being worked out by senators reed and mcconnell, top democrat and republican in the senate, to move something forward so the senate can take a lead and the house can then follow suit maybe making some changes. i think right now that's the best hope. i do want to tell you looking at the president's schedule today, it's mighty bare. his normal presidential briefing and meetings with senior advisers but certainly there's a lot of room built in there for any sort of communication he needs to do with congress. >> right. there was talk they are working through the weekend so they are doing everything possible to come to an agreement. >> over night too. >> u.s. and libya hosting secret face to face talks since the libyan conflict began four months ago. the point of the weekend meeting was to send a clear message to m
, but never quite so close to default. since we've been accumulating a big national debt, congress has raised the debt ceiling just 78 times. since 1960 alone. since the nation's debt reached the $1 trillion mark in the early 1980s, look at how government borrowing has skyrocketed. climbing really at an ex exponential rate. how is $14 trillion in relation to how big the economy is. it's about 95% of the size of the whole economy. we're fast approaching rates not seen since way back in world war ii and the great depression. when the size of the debt limit and the national debt was actually bigger than our gdp. this is what economists call a debt crisis. america runs by borrowing money. right now, 38 cents is borrowed money. if the debt kreeling is not raised in time, the u.s. could default on some of the payments. that's the last thing we need, recovering from a recession. >> fomdominique strauss-kahn ma face new sexual assault charges even though the case in new york is falling apart. [ male announcer ] to the seekers of things which are one of a kind. the authentic, the rare, the hard to def
embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. introducing the schwab mobile app. it's schwab at your fingertips wherever, whenever you want. one log in lets you monitor all of your balances and transfer between accounts, so your money can move as fast as you do. check out your portfolio, track the market with live updates. and execute trades anywhere and anytime the inspiration hits you. even deposit checks right from your phone. just take a picture, hit deposit and you're done. open an account today and put schwab mobile to work for you. and i count on social security. here's what i'm not... a pushover. right now, some in washington want to make a deal cutting the social security and medicare benefits we worked for. with billions in waste and loopholes, how could they look at us? maybe we seem like an easy target... until you realize... there are 50 mi
problem. >> i could go on and on. tom says the fault lies with the system that allows big money, party loyalty and special interests to decide who gets elected. how we started moving down this path. >> very thoughtful responses from all of you. thank you very much. that's it for us. we'll be back tomorrow morning at 6:00 am eastern. >> cnn newsroom with kyra phillips starts right now. hi, kyra. >> hi, guys. good morning. >>> two breaking news stories this morning. first of all, the nfl, it looks like, they might have come together on a deal here. nfl.com is reporting that the players and the owners have agreed on something that will end the lockout. we're following it right now. we're just getting the information in. that means that the players vote will happen later today in more of a formal setting. training camp could start as early as wednesday now, we've been told. david mattingly has been following this for us. he has been live out of atlanta every day, at least he was last week when those negotiations were taking place. david, did you just get word that something came forward ju
tonight, the house speaker john boehner i'm told is telling president obama he's open to discussing a big deficit reduction package, somewhere in the ballpark of $3 trillion over ten years. but first, though, speaker boehner said it's imperative that his members telling him the senate vote first on the house plan, cut, cap, and balance, if it fail fails, then look for th negotiations to continue. >>> key elements of the republican establishment are trying to nudge the hard line conservatives to a compromise. defaulting on our debt is not an option. it has real, immediate, and potentially catastrophic consequences. the ratings agency standard and poor's sent a team to capitol hill saying not raising the debt ceiling would stain america's credit rating and drive up interest costs for everyone. many house conservatives, though, aren't ready to give up and some of them won't budge. they say if there's any new taxes in this deal at the end, they would rather have the first default in american history. >>> in our new cnn/orc poll gives us a fresh sense of what you think. 34% of americans say an
military is too big. people call it the military and then it's hands off. it's not military. it's defense contractors. most of our weaponry is ridiculous. it's not -- it's for fighting the russians in 1978. we don't need that. what would make this country stronger is economics. that's where the future is. that's what makes a country strong. if you're not strong economically you are not -- >> piers: that's where america is increasingly weak. >> this is one reason. we could solve this debt deficit problem if we would do two simple things. tax the rich like they used to be taxed. not a hell of a lot more, just like they were under clinton and bring the troops home. not just from iraq and afghanistan, but we have half a million troops in bases across the world. >> piers: how many do the chinese have? >> none. they don't have troops. because they know this is not the way you achieve agemny in this world. >> piers: i did a documentary in shanghai recently. fascinating time to be out there. this dynamism that you felt along the city. one frosting young multi millionaire, 125,000 millionaires in
. rupert murdoch says he runs a big company and couldn't be expected to know the details of illegal conduct at one london tabloid or precisely how it was covered up. the chief executive of news corp. went out of his way to down play his influence. >> sometimes i would say to keep in touch. i edit "the sunday times" nearly every saturday, not to influence what he has to say at all. >> perhaps the most penetrating question came from a member of parliament who wanted to know just where does the buck stop? >> do you accept responsibility for this whole fiasco? >> no. >> you're not responsible. who is responsible? >> the people that i trusted to run it and then maybe the people they trusted. >> the hearing was carried live by all three cable news networks, including murdoch's fox news and made headlines here and around the world. >>> 80-year-old global power broker rupert murdoch called this the most humble day of his life. we watched him called to account in front of british parliament for the scandal that outraged the world. >> rupert murdoch called it the most humbling day of his life and he
and c.s. lewis under their belt. >>> news flash, if you haven't put your big toe outside yet, folks, it's hot. when i say hot, i'm talking triple digits. live pictures, yeah, atlanta looks pretty, but take it from me, not so nice when you walk outside. in arkansas, for those of you there today, 108 degrees in parts of that state. there is some relief in sight. meteorologist chad myers is going to join me next with that. >>> plus the youngest of the 12 jurors, juror number three, a nursing student, talking to cnn about her decision in the casey anthony case. >> what convinced you and the five others to switch your votes and vote for not guilty? >> i think everyone will tell you the same thing. >> you have to hear the rest of her answer. of these abandoneds in america today. automotive performance is gone. and all we have left are fallen leaves and broken dreams. oh. wait a second. that is a dodge durango. looks like american performance is doing just fine. ♪ carry on. ♪ >>> cue that song. you know that hot, hot, hot song. people in the south are melting in some of these extreme tempe
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